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As robos try to crash Envestnet's platform party, CEO Jud Bergman explains pivot to 'wellness' and tells where FolioDynamix and Yodlee stand

Ric Edelman is an early Envestnet 'wellness' pilot and Yodlee's expanding margins are -- maybe -- a good sign for that unit as it moves toward break-even

Author Oisin Breen February 28, 2018 at 12:49 AM
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Chris Curtis: Yodlee’s revenue has grown 44%.

Related Moves

Behind the scenes, Envestnet's board of directors had much to tussle over before finally subtracting the 'interim' from Bill Crager's CEO title

With Jud Bergman gone at a chairman, a power struggle ensued to fill that spot, and the process dragged when taking the company private came under review

April 2, 2020 at 2:34 AM

Bill Crager shuffles the deck on management team created just seven months ago: Tony Leal is out of 'Big Three' inner circle, replaced by Morgan Stanley vet Rose Palazzo

The RIA software 'trailblazer' and co-founder of MoneyGuidePro has been working on departure for a year; will transition to a 'consultant,' company says

January 7, 2023 at 1:50 AM

November 18, 2022 at 2:56 AM

Envestnet just named an ESG head to meld 'wellness,' 'The Intelligent Financial Life' and 'sustainable investing' into a single nirvana -- that starts outside of the product realm

Ron Ransom earned CEO Bill Crager's trust as chief business development officer and now will define how Envestnet conducts itself as a global citizen and vendor of wellness.

July 27, 2022 at 2:27 AM

See more related moves

Mentioned in this article:

Envestnet Inc
Top Executive: Jud Bergman

Stephen Winks

Stephen Winks

March 7, 2018 — 5:45 PM
The pivot to "wellness" responding to the well being of the client is very generalized attempt to addreess fiduciary duties without incurring fiduciary liability, recognizing that b/ds will not support fiduciary duties of the broker. Though it falls short of expert fiduciary standing, it is a move forward. There is no substitute for supporting the best interest of the investing public as required by statute for professional standing, "wellness" is as far as brokers can go without fulfilling their fiduciary duties which trigger fiduciary liability. SCW


March 13, 2018 — 3:04 AM
Envestnet is poor platform and unintelligent company frankly. I have been using their platform, and moving away from it as best I can, for years. They have a strange trading logic and even their top architects can't explain it well. I would use anyone else given a choice but they are my BD's platform. Miserable experience and they have created stress in my life and business to a large degree.

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